$DOGE - PRICE ANALYSIS REQUEST
If we decompose from the highest to the lowest unit of time:
๐ถWeekly neutral zone & key resistances around 0.1100$
The size of the cloud [W] i very tiny, indicating that it could easely break by the downside again!
๐ถOn the daily, the price is also facing 2 HTF trend resistances [see the chart]โ ๏ธ
I see a falling wedge pattern daily, but I wont risk a buy below the trends and inside the pattern! โ ๏ธ [bullish structure for the LONG TERM]
๐ทThe H4 view is neutral. But it looks like it looks like a Bearish pattern excatly on resistances! (Ascending rising wedge).
It might be the end of the correction upward phase!
Given the instability of $BTC BTC and the indecision over the monthly close, I think it unlikely that the bulls will break above the big resistance of $0.11500!
โก๏ธSo I think #DOGE will revisit the $0.100 - $0.09500 support zone again in the medium term! ๐
On the other hand, If the price breaks the falling wedge [D1], then the bulls should push it to the daily POC around $0.1500! (New update to come if this is the case)!๐
Local resistances to watch:
0.11250 - 0.11500 & 0.11800$
Possible setup in my charts! [I don't show all the graphics].
